STOCKHOLDERS' DEFICIT (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Carrying value and activity of Preferred Shares

The following table sets forth the activity recorded during the six months ended June 30, 2017 related to the Series C Preferred Stock (in thousands):

Series C Preferred Stock carrying value at December 31, 2016	$	69,540
Accretion of discount related to issuance costs	323
Dividends recorded through June 30, 2017 1	4,366
Series C Preferred Stock carrying value June 30, 2017	$	74,229

¹ Dividends recorded reflect the increase in the Liquidation Preference associated with unpaid dividends.

The following table sets forth the activity recorded during the six months ended June 30, 2017 related to the Series A Preferred Stock (in thousands):

Series A Preferred Stock carrying value at December 31, 2016	$	2,462
Accretion of discount related to issuance costs	26
Dividends recorded through June 30, 2017 1	151
Series A Preferred Stock carrying value June 30, 2017	$	2,639

¹ Dividends recorded reflect the increase in the Liquidation Preference associated with unpaid dividends.